Lifetime Brands ( (LCUT) ) has released its Q2 earnings. Here is a breakdown of the information Lifetime Brands presented to its investors.
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Lifetime Brands, Inc. is a global leader in designing, developing, and marketing a wide range of branded consumer products for home use, operating primarily in the kitchenware and tableware sectors. The company recently released its second-quarter financial results for 2025, highlighting a challenging period marked by macroeconomic pressures and tariff-related impacts. Despite these challenges, Lifetime Brands maintained a steady gross margin and reduced SG&A expenses, showcasing effective pricing and supply chain strategies. Key financial metrics revealed a decrease in net sales to $131.9 million, a 6.9% drop compared to the same period in 2024. The company reported a significant net loss of $39.7 million, primarily due to a $33.2 million non-cash goodwill impairment charge. Adjusted EBITDA for the trailing twelve months was $50.7 million, and the company maintained a strong liquidity position with $96.9 million. Looking ahead, Lifetime Brands remains optimistic about navigating near-term volatility and is focused on building a foundation for sustainable long-term growth.